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at the future the way we are. here,, conditions primarily because of this tremendous energy revolution that we have had over the last few years have changed the equation in the u.s. >> but i am saying it is behavior and emotion. scarlet and her husband want to get the marginal 5000 square feet. >> 10,000! now, americansht are not as optimistic as they are traditionally. thatat is where i say people are fearful. they should not be fearful because all of the trends are working in the right direction. >> with that said, what are you seeing, jed? >> when we ask people is homeownership part of the american dream, that is climbing back up. the vast majority of young people are renting and want to buy someday. the danger is that that optimism translates into unreasonable expectations about what will happen to home prices. if people start buying homes because they think prices will keep rising at 11% a year, that is a bad thing, that is a bubble. but we are not to that point yet. >> is homeownership part of the american dream in places like san francisco where you are based? we see the income inequali
and can fund the development of a lot of energy infrastructure, that will drive road, rail, and other transportation infrastructure we're talking about. you need a private sector impetus. dry?sentially the pot is the piggy bank is empty? >> it pretty much is. highway funding is done. vehicle miles traveled have been dropping. gas tax revenues are falling. the need for a public-private partnership. you have private money coupled with public management. why can't we get that done? >> that does happen. but the economic incentive has to be there. we start natural gas exports and crude oil exports. the prices equalize between the center of the u.s. where the crude oil piles up in barrels and the rest of the world -- you can have it better environment for private investment and international energy agency's have estimated that it is in the trillions of dollars, the infrastructure investment, to man come in to develop our resources of energy in the u.s.. do investors look at president obama's infrastructure proposal with any degree of belief or is it something that they say it has been propo
between russia, ukraine, and germany with a flow of energy? >> that is really the threat point that russia has in all of this, is europe is crucially dependent on natural gas, most of which comes from russia. that is always the -- obviously, russia needs to sell the natural gas, too. so far, that is why it has been stable. >> there's a terrific book "command and control" about the u.s. history and the disturbing -- clearly still on the minds of germans. >> casting a long shadow of the history. we will be back and talk about real estate. how can a real estate company survive commission-free? that is coming up next on "bloomberg surveillance." ♪ >> this is "bloomberg surveillance." let's get you some company news. a hiring spree in asia. they have hired hundreds of engineers and supply chain managers in china and taiwan. triesring comes as apple to speed product development and introduce a wider range of devices. ebay director firing back at carl icahn saying he recused himself from deal talks when ebay sold skype to a group of investors that included his venture firm. carl icahn has accus
or better coordination. interests are precisely aligned. europeans have a much deeper energy relationship with russia, which bounds the ability to center into an economic scenario with russia. >> you mentioned this earlier. explained the hydrocarbon linkage between russia, ukraine, and germany. >> russia is incredibly dependent on oil and gas exports. a large fraction go through pipelines to the european union, which gets about 30% of its gas consumption directly from russian suppliers. that is by far the most important economic relationship in that part of the world. >> the map of the hydrocarbons looks like your hockey road trip over the weekend. like everything goes through the ukraine. that is the issue. verythink we have to be careful in how we describe cold war versus hot war. clearly an issue in which the u.s. and russia will have to come to an understanding or there could be a very serious conflict right on the border of europe. the idea of a russian invasion could turn very ugly very quickly. a solution has to be found quickly. >> i continue to wonder. of the 56 billion that flow
controlled energy giant. they have already committed some aid to ukraine. >> i think that is still to be discussed. later today at 5:00 p.m. paris time, john kerry will meet with secretary lavrov of russia, so they will have a chance to talk about that then. at 3:30, there will also be a meeting on the sidelines to talk about ukraine. russia has been offering money to ukraine, supposedly the metallic them with the gas debt -- supposedly, to help them with the gas debt. much,ira, thank you so traveling with a secretary in paris, france. let's get to company news. >> we start with standard chartered bank. posting a profit for the first time in a decade. business in south korea we can. .hey broken its korean business because the bulk of its profit from the asia-pacific region. a drop in the ruble slowing adidas down. forecasting full-year profit as much as 17% below analysts estimates. they blamed weakness in the ruble and argentineover the shortfall. apple it's a new cfo. your oppenheimer retiring from the post at the end of september. oppenheimer has been with the company for 18 yea
Search Results 0 to 4 of about 5